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Sep 19, 2012
09/12
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the s&p started going with it. why did we start selling off? because of fears overseas and global growth slowing. to me it is simple here. if that chart that you are looking at if it continues to go the s&p may have downs. >> let's look at the drops in crude. on tuesday it was a fundamental taking off of a bullish long position and today there was the article saying saudi arabia would release more crude to main customers including united states. >> understanding you have a lot of bearish news headlines coming forth but what drives the tape is the positioning of the investment community. where is the investment community? we have established long positions in oil as reported from the cfdc as the highest level in multiple months. i point out crude is just in the mindset where if everyone is all in long the slightest bit of bearish news will take it the other way. many are going to say that crude is going to deteriorate into the mid to lower 80s. i take the other side of that. >> let's bring in the founding partner of
the s&p started going with it. why did we start selling off? because of fears overseas and global growth slowing. to me it is simple here. if that chart that you are looking at if it continues to go the s&p may have downs. >> let's look at the drops in crude. on tuesday it was a fundamental taking off of a bullish long position and today there was the article saying saudi arabia would release more crude to main customers including united states. >> understanding you have a...
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Sep 4, 2012
09/12
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goldman is recommending buying s&p 500 puts. murphy this is similar to what you were talking about? >> absolutely. i was going to say maybe they were watching "fast money" last week when we discussed it in detail. if you get a bazooka here, the market should take off and we don't know what is above the 1440 levels. does that get you up to 1500? we need the long exposure. the market has been holding key levels but you better make your sh sure you have an exit plan. >> really only if you are a long only player than a hedge player. i get the protection, but i'm hedged through my short positions both on the short side and the long side. so that's sort of like a doubling down bet. >> a put is less of a white knuckler. a short, things can go so painfully wrong for so long. >> it's the first day of school today. i told all the kids make sure you bring your pencils. volatility is so cheap. of course you want to offer out and buy some protection but more importantly you look at the one currency that will be the most effected and that's the euro currency. to me that's the play. do you want to
goldman is recommending buying s&p 500 puts. murphy this is similar to what you were talking about? >> absolutely. i was going to say maybe they were watching "fast money" last week when we discussed it in detail. if you get a bazooka here, the market should take off and we don't know what is above the 1440 levels. does that get you up to 1500? we need the long exposure. the market has been holding key levels but you better make your sh sure you have an exit plan. >>...
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s created between two thousand and three and two thousand and seven fourteen trillion were created on the. investment houses that had funds and private equity funds could leverage thirty forty times banks could leverage fifteen to twenty times on average they could only leverage thirteen times on certain security more than the value of the whole country of the whole gross domestic product if you want average in this. a very conservative estimate assume that the average for the fourteen trillion dollars worth of c.d.'s was ten times which to me is a conservative estimate that's one hundred forty trillion dollars worth of nothing . if you lose the fourteen trillion the other hundred forty minus the fourteen trillion doesn't exist you have nothing you have no collateral left to pay to the people that you borrowed money from it off the practice to sell mortgages. clearly can't afford to target people in order to give them mortgages and then to take his mortgages to sell it back to the banks and. create mortgage but security is a criminal act for sure and i think the bank does their. civil
s created between two thousand and three and two thousand and seven fourteen trillion were created on the. investment houses that had funds and private equity funds could leverage thirty forty times banks could leverage fifteen to twenty times on average they could only leverage thirteen times on certain security more than the value of the whole country of the whole gross domestic product if you want average in this. a very conservative estimate assume that the average for the fourteen trillion...
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Sep 18, 2012
09/12
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s denyi it's planning to preview its galaxy s-4 phone in february. it released its galaxy s-3 just three months ago. >>> well, regardless of growing competition, you cannot ignore the hype around iphone 5. you look at yesterday's lines, already starting to pile up at the apple store in midtown manhattan here in new york in anticipation of the big release friday morning. if that's not enough, preorders -- >> smashing records at carriers like at&t. the company just yesterday unveiling that they recorded more preorders than ever before for the first weekend of an iphone. some analysts say the iphone subsidiaries are actually going to initially hurt subsidies of the bottom line of the company. we have the man in charge of at&t wireless. so nice of you to join us. i'm sure you've seen these analysts' reports. yes, you're going to do huge volume on the iphone. you pay such huge subsidies, up to $500 per phone. they're thinking it's going to squash your margins and hurt you. what do you say to them? >> it's a huge positive, michel michelle. this sends the m
s denyi it's planning to preview its galaxy s-4 phone in february. it released its galaxy s-3 just three months ago. >>> well, regardless of growing competition, you cannot ignore the hype around iphone 5. you look at yesterday's lines, already starting to pile up at the apple store in midtown manhattan here in new york in anticipation of the big release friday morning. if that's not enough, preorders -- >> smashing records at carriers like at&t. the company just yesterday...
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Sep 18, 2012
09/12
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sort of related to this chart but also to the s&p chart. i'm wondering if you are concerned at all that the transports have under performed the s&p? >> yes. it gives you a dow theory cell signal. that started to roll down today a little bit more than the major indexes. and so there is that still in place. everything is not 100% here. >> and gold. let's get to that chart. >> you had a nice break out through 1641 and you have had about a 10 or 11% rally. close to 1800. we think a pause is rwarranted t this point. but break out through 1800 would reinstate our target at 1800. >> thank you for coming by. dennis, what you did you make for the oil and gold out look? >> i agree with her on gold. i'm not a gold bug. i never have been a gold bug. but it is being sponsored. i'm not as bullish on the oil market. yesterday, i'm sorry when you break something $5. even if it was a fat-finger asou assau assault, it sounhouldn't break t much. it tells you that everything is going back to their former highs. one of the things that i expect is because they h
sort of related to this chart but also to the s&p chart. i'm wondering if you are concerned at all that the transports have under performed the s&p? >> yes. it gives you a dow theory cell signal. that started to roll down today a little bit more than the major indexes. and so there is that still in place. everything is not 100% here. >> and gold. let's get to that chart. >> you had a nice break out through 1641 and you have had about a 10 or 11% rally. close to 1800....
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Sep 6, 2012
09/12
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the s&p 500 closing at its highest level since january 2008. the nasdaq composite at its highest level since november 2000. materials, financials, technology all leading the market higher. so the question here is, how are you trading it, particularly going into tomorrow's big jobs report? josh brown. >> yeah, i think we really didn't make a lot of moves today. we did a little bit of trimming. the only new long we add was in the health care sector, and area we see an even bigger breakout than the nasdaq. talking about a high back to 20 00. look at the xlv. that's a new all-time high ever. that's the baby boomer basket you want to be in for a long period of time. we like the action. the only negative that i didn't love seeing was that really harsh reversal in oil. that was definitely notable. you got a strong open, then they ripped it back. i think that's something you want to keep an eye on. the jobs number tomorrow could negate everything. >> you like that action. part of the action was decent volume. not just here in the united states but also
the s&p 500 closing at its highest level since january 2008. the nasdaq composite at its highest level since november 2000. materials, financials, technology all leading the market higher. so the question here is, how are you trading it, particularly going into tomorrow's big jobs report? josh brown. >> yeah, i think we really didn't make a lot of moves today. we did a little bit of trimming. the only new long we add was in the health care sector, and area we see an even bigger...
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Sep 7, 2012
09/12
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near term on fast money s. that the next hour? >> i have no idea. >> actually, we already talked past the time. >> we can take a longer term. >> i just need to know, scott. >> here's the bottom line, right? you as a market participant, you, steve, pete, you play the hand you are given. if the fed does act, does the stock market go up? that's all i want to know. >> i interrupted steve with a joke. >> that's all right. >> oh, was that a joke? >> it depends on what the fed action is that's why i would rather see if what steve says happens, that's pan sacea. i don't want them to shoot the entire load next week. i disagree with jema. i think there will be some sort of action. i don't think what draghi did was a surprise yesterday to bernanke where all of a sudden it's a game changer. of course he knew what they were going to do. >> here's the real question for steve, though. does bernanke and the fed, even have to react at all at this point? weren't we waiting on the ecb? we were looking at china, the slow down in china and then we loo
near term on fast money s. that the next hour? >> i have no idea. >> actually, we already talked past the time. >> we can take a longer term. >> i just need to know, scott. >> here's the bottom line, right? you as a market participant, you, steve, pete, you play the hand you are given. if the fed does act, does the stock market go up? that's all i want to know. >> i interrupted steve with a joke. >> that's all right. >> oh, was that a joke?...
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Sep 14, 2012
09/12
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for low for even longer. >> we're at 14 what on the s&p right now? >> 1485. so it's about a 2.5% increase from here. not without risk, but we still see upside. >> between now and the epd of the year? >> sure. >> we'll be back with you later. let's move on. want to check out -- whoa, there you are. two other sectors. courtney reagan has been making calls on how the retail sectors are going to fare. seema mody is here. i'm supposed to stand between you. hard to stand between you two ladies. she's talking about the pharma sector here. >> could help with mid-term demand according to jefferies. if treasury yields are going to stay low with the recent bond buying program, the dividend yield on the health care names will continue to be effective. that's one of the reasons the money managers are allocating capital into pharma. bristol yielding 4%. merck yielding 3.8. regardless of the broader economy, j&j is at an inflection point in terms of earnings growth. they expect j&j to transfer 2% to 3% revenue growth to 4% to 5%. so j&j is one stock to watch. >> le
for low for even longer. >> we're at 14 what on the s&p right now? >> 1485. so it's about a 2.5% increase from here. not without risk, but we still see upside. >> between now and the epd of the year? >> sure. >> we'll be back with you later. let's move on. want to check out -- whoa, there you are. two other sectors. courtney reagan has been making calls on how the retail sectors are going to fare. seema mody is here. i'm supposed to stand between you. hard to...
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Sep 7, 2012
09/12
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the s&p in the green well above the 1400 mark at 1435. and the nasdaq which was the best performer in yesterday's big market day to the upside percentagewise is now down about a tenth of a percent to 3132.43. gentlemen? >> we were talking about a very interesting tactical point. if yesterday morning i wanted to get in to the market at 10:00, saw it taking off and bought a mutual fund, what happens? >> end of the day price. so you bought the high of the day. >> and basically flat today. if i by contrast bought an identical index etf i would have -- >> seen all the gains. we saw intraday
the s&p in the green well above the 1400 mark at 1435. and the nasdaq which was the best performer in yesterday's big market day to the upside percentagewise is now down about a tenth of a percent to 3132.43. gentlemen? >> we were talking about a very interesting tactical point. if yesterday morning i wanted to get in to the market at 10:00, saw it taking off and bought a mutual fund, what happens? >> end of the day price. so you bought the high of the day. >> and...
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Sep 27, 2012
09/12
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and the s&p is up 2 1/2% so far this month. supposedly a bad month. >> okay, bob, thank you as always for putting things just exactly where they need to be. well, are the markets operating as if literally nothing matters? we have unrest in the euro zone. we've just been talking about that. disappointing economic data here at home. and yet we're trading higher. how do we interpret these mixed signals? joining us now is michael cuggino, president of permanent portfolio fund, and charlie smith, c.i.o. fort pitt capital group. great to have you with us. michael, you want to get to you first of all because you say the mood has darkened over the last week and we've even bouggot a n worry to worry about and yet i'm just wondering does that matter to my point to bob piz pisani? the fed's there to help out, right? >> well, the fed is definitely there to help. i think you have to caveat everything by saying the last week of trading in any quarter is what suspect for trend analysis only because you have a lot of people positioning portfol
and the s&p is up 2 1/2% so far this month. supposedly a bad month. >> okay, bob, thank you as always for putting things just exactly where they need to be. well, are the markets operating as if literally nothing matters? we have unrest in the euro zone. we've just been talking about that. disappointing economic data here at home. and yet we're trading higher. how do we interpret these mixed signals? joining us now is michael cuggino, president of permanent portfolio fund, and charlie...
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Sep 10, 2012
09/12
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now it far trails the s&p 500's gain. however, those who are bullish on this market point to this as confirmation that the bull trend remains intact. you have the likes of delta airlines. a lot of the airlines are on the way up today. delta's up better than 2%. united continental is up as well. conway is up 1.25%. and it is a fairly broad-based advance with fedex also participating. they're all on the upside today, ty, and a lot of dow theorists and think there might be more legs to this move in the dow jones industrial average are pointing to it as proof of that. >>> aig one of the big stories over the weekend, down more than 1% a day after the treasury department announced an $18 billion offering of stock it owns. that's the biggest stock sale since the government took over aig in 2008 and bumped $182 billion of yours into the insurer. the treasury will become a minority shareholder now cutting its stake from 53% to around 20%. the offering is seen as a victory for aig's ceo robert benmosche. he took the helm in 2009 an
now it far trails the s&p 500's gain. however, those who are bullish on this market point to this as confirmation that the bull trend remains intact. you have the likes of delta airlines. a lot of the airlines are on the way up today. delta's up better than 2%. united continental is up as well. conway is up 1.25%. and it is a fairly broad-based advance with fedex also participating. they're all on the upside today, ty, and a lot of dow theorists and think there might be more legs to this...
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Sep 10, 2012
09/12
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who would have bought back in the 1930's anyone would ever need an iphone? weigel automation reduced the need of workers on particular goods, the output had raised so much that we are able to have more of a need for the workers. with that said, i think what technology enables when we have things like the additive printing and robotics is the ability to continue to have a productive to the advantage and efficiency advantage over our other competitors. and the challenge in my judgment for the united states work force is how are we going to prepare people to be able to use these machines to be able to operate the machines, to be able to converse and with computers and technology that's why i think the investment in the technology in the internet and and training people on that is absolutely critical to our future and the education and specific types of education. it's not diminishing the skill devotees jobs require. some of my law school classmates are here and they will tell you i was completely inept at making anything and probably ironic that i read the book
who would have bought back in the 1930's anyone would ever need an iphone? weigel automation reduced the need of workers on particular goods, the output had raised so much that we are able to have more of a need for the workers. with that said, i think what technology enables when we have things like the additive printing and robotics is the ability to continue to have a productive to the advantage and efficiency advantage over our other competitors. and the challenge in my judgment for the...
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Sep 27, 2012
09/12
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so the s&p moved up. moved up 60 or 70 points in the dow. there's the s&p. and there's that mid-morning move to the up side. of course the euro also rallied on this news too. and when the euro rallies usually the dollar moves to the down side a little bit. that tends to help some of the risk on trade. we did see some of the many mining stocks that moved to the up side. a lot of the material names like bhp billiton. that gave the market a little best a lift. then of course we also moved up with the energy stocks, the whole complex moved up on the weaker dollar. >> and we have -- thank you, bob. we have an out performance on tech stocks. certainly at the nasdaq. sima mody has more on that this lunch time. >> seeing somewhat of a relief rally in tech this morning. and that's partly thanks to apple, sheeg a relief rally in apple after three days of ending in negative territory. even today ubf cutting its iphone estimates yet reaffirming its buy rating on apple, shares up 2%. google continuing its ride higher, celebrating its 14th birthday, and also evercorps gif
so the s&p moved up. moved up 60 or 70 points in the dow. there's the s&p. and there's that mid-morning move to the up side. of course the euro also rallied on this news too. and when the euro rallies usually the dollar moves to the down side a little bit. that tends to help some of the risk on trade. we did see some of the many mining stocks that moved to the up side. a lot of the material names like bhp billiton. that gave the market a little best a lift. then of course we also moved...
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Sep 10, 2012
09/12
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the s&p and nasdaq posting their best weeks in three months. and the rally was all ten finished in the black. and bp reportedly talks to sell some of its gulf of mexico oilfields to explain xs floor race and production for about $7 billion. uk energy qui aunt wants to raise money it pay for damages from the 2010 oil spill. >>> and treasury announcing it will sell most of its stake in aig, the move will make the government a minority investor for the very first time since rescued the company can during the financial crisis four years ago. treasury was expected to sell stock this month, but analysts say the makingfully tud of the planned 18 month offering is a surprise and as joe was mentt before, questions about whether politics are involved here ahead of the elections. but i got to tell you, at today's market price, they'll make money. the price to beat i think is $28.73 and we're trading awroun $33. >> thinking about hank greenburg an what he thinks. but what got them in trouble, andrew, and that was all the insurance that connecticut unit was
the s&p and nasdaq posting their best weeks in three months. and the rally was all ten finished in the black. and bp reportedly talks to sell some of its gulf of mexico oilfields to explain xs floor race and production for about $7 billion. uk energy qui aunt wants to raise money it pay for damages from the 2010 oil spill. >>> and treasury announcing it will sell most of its stake in aig, the move will make the government a minority investor for the very first time since rescued...
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Sep 14, 2012
09/12
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s&p and nasdaq also edging higher. russell 2,000 yesterday posted its fifth highest closing high ever. all of this on incredibly high volume, as well. let's take a quick look at european markets. it's broadly consistent and again in the green by the rang of 1% to 2% in some cases. ftse up 1.4, cac 40 was up almost 2%, it's come off a little bit. ibex 35 still over that 2%s threshold. european banks are driving a lot of the gains, as well, as you look at anything from the spanish banks, up 2%, over here to credit agricole up closer to 3%. so, ross, it's not a huge move, but nevertheless for a move that frankly puts pressure on banks at least u.s. banks or net interest margins, we're nevertheless seeing a positive tone. >> and continues since what we've seen midsummer. >> whatever it takes. >> and the fed now doing what they think is whatever it takes, as well. yields on core bonds continuing to rise this morning. ten year 1.2%. peripherals, steady to down. spain 1.567%. but here we go in italy, they continue to fall bel
s&p and nasdaq also edging higher. russell 2,000 yesterday posted its fifth highest closing high ever. all of this on incredibly high volume, as well. let's take a quick look at european markets. it's broadly consistent and again in the green by the rang of 1% to 2% in some cases. ftse up 1.4, cac 40 was up almost 2%, it's come off a little bit. ibex 35 still over that 2%s threshold. european banks are driving a lot of the gains, as well, as you look at anything from the spanish banks, up...
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Sep 19, 2012
09/12
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the nasdaq and s&p 500 are poised to open a little bit higher as well. this follows overnight trading in which we've seen asian equities pick up largely on the back of the bank of japan. surprisingly large quantitative easing measures. the ftse is up one tenth of a percent. the mood from that policy hasn't really kicked over into strong gains across the european session. if we take a look at what's happening with those forces for the most part we're seeing a mixed bag. now mostly to the upside. the ftse 100 now about two tenths of a percent. even the ibex has now kicked higher. it's adding two or three points this morning. 8060 is the level to watch there. >> that's where we stead right ahead of the u.s. open. what are investors to do? just a recap from some of the experts already today on cnbc. >> i think it's going to be really tough, but i think the real play is euro/yen. the fast move of the euro/dollar last week has pushed it up to 3% in the last week or so. dollar/yen, cloudy judgment there. i think 80 is going to be tough. >> you'll probably be lo
the nasdaq and s&p 500 are poised to open a little bit higher as well. this follows overnight trading in which we've seen asian equities pick up largely on the back of the bank of japan. surprisingly large quantitative easing measures. the ftse is up one tenth of a percent. the mood from that policy hasn't really kicked over into strong gains across the european session. if we take a look at what's happening with those forces for the most part we're seeing a mixed bag. now mostly to the...
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413
Sep 6, 2012
09/12
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so all of the sources of revenue for the s&p five are under some pressure here. >> yeah. and where that factors into our investment strategy, even though i do like stocks, i'm taking somewhat of a defensive approach here which i have for most of the year, and that is i continue to like those large cap dividend paying growth stocks for a couple of reasons. number one, obviously in a choppy market, which i think it's going to stay choppy even though we've had low volatility so far, the dividends give you some protection against the down side risk. and since there are large cap multi-nationals, they can actually reach the ee moergeing markets of the world where there is actually still some gdp growth going on although in china we'd like to see more. but that's how that defensive posture factors in. >> rob morgan, chief investment strategist at fulcrum securities. arnub will stay with us. >>> the auto industry is bleeding a lot of red ink. ford is unveiling new plans today it hopes to push its european sales from the red into the black. we'll speak exclusively with ford ceo a
so all of the sources of revenue for the s&p five are under some pressure here. >> yeah. and where that factors into our investment strategy, even though i do like stocks, i'm taking somewhat of a defensive approach here which i have for most of the year, and that is i continue to like those large cap dividend paying growth stocks for a couple of reasons. number one, obviously in a choppy market, which i think it's going to stay choppy even though we've had low volatility so far, the...
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Sep 20, 2012
09/12
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s rick santelli is standing by and joe maris as well. the numbers, please. >> 382,000, 382,000, so we really see a ramp-up in this number to some that were looking to be more in the 350 to 375 range. this is where it was released last week prior to slight recessions. if very look at continuing claims, they're also pretty much lateral, you get these slight shifts, but we're hovering just over 3.27 million, our last look before slight revision was 3.28 million. the big news today shouldn't be big news. dallas fed president fisher talking about there might be more inflation down the road with the programs and not a lot of impact on the unemployment rate. you think? boy that's breaking news, isn't it? some of the issues regarding europe and the pmi slowing there. i think even though we had good options and some of the challenged european economies it's almost ironic that the shift now to many of the traders down on the floors that i deal with is more about how the big export economies like china, like the u.s., like germany and it happens to
s rick santelli is standing by and joe maris as well. the numbers, please. >> 382,000, 382,000, so we really see a ramp-up in this number to some that were looking to be more in the 350 to 375 range. this is where it was released last week prior to slight recessions. if very look at continuing claims, they're also pretty much lateral, you get these slight shifts, but we're hovering just over 3.27 million, our last look before slight revision was 3.28 million. the big news today shouldn't...
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108
Sep 18, 2012
09/12
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it just doesn't happen, we expect the s&p futures to probably hold 1448 and a quarter. we might see some sideways trading, and upside gain tomorrow and holding steady. david: 4:15 p.m. eastern time. right up to the moment. thank you very much, john. appreciate it. liz: let's talk oil prices, they're extending their fall after plummeting, did you see this, more than $4 $4 a matterf minutes yesterday. we have the regulator investigating the trace behind the plunge. he is a plan to prevent future price spikes. joining me now. great to see you, thank you for coming on to shed light on what is really going on. tell me about the investigation, where it stands. this was an unbelievably heavy trade, and it fell, the price also dramatically people are wondering what happened, do we know anything yet? >> it occurred $4 a few minutes, actually $3 in one minute. whenever you see the market move that fast, that quickly with a large volume, talk about going from 500 trades to over 10,000, whenever you see that, these high-frequency traders, the cheetah traders as i call them, those a
it just doesn't happen, we expect the s&p futures to probably hold 1448 and a quarter. we might see some sideways trading, and upside gain tomorrow and holding steady. david: 4:15 p.m. eastern time. right up to the moment. thank you very much, john. appreciate it. liz: let's talk oil prices, they're extending their fall after plummeting, did you see this, more than $4 $4 a matterf minutes yesterday. we have the regulator investigating the trace behind the plunge. he is a plan to prevent...
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Sep 26, 2012
09/12
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i do. >> 100 points on the s&p? >> yep. >> and katie, i mean, 1565 i think is the record high on the s&p. how rigid is that resistance, if, in fact, we get close? >> that's definitely very strong resistance and i would widen that out to 1550 to 1575. it's a formidable level. that said, i do think we exceed it in the first half of next year. >> did i hear you seau think we'll have a new record high on the s&p next year? >> i think so. the momentum certainly supports a breakout. >> wow. >> interesting. >> katie, good to talk to you. >>> meanwhile, "the wall street journal" reporting this morning that more and more people spending more on their cell phone bills, even as they dial back on the family budget. like food, clothes. >> eating is so overrated. >> the children don't need to eat. let's buy a phone. >> fill in the blanks. my smart phone is more valuable than blank because blank. tweet us @cnbcsquawkst. interesting, some of the cell phone carriers are actually trying to test the limits of how far households are wi
i do. >> 100 points on the s&p? >> yep. >> and katie, i mean, 1565 i think is the record high on the s&p. how rigid is that resistance, if, in fact, we get close? >> that's definitely very strong resistance and i would widen that out to 1550 to 1575. it's a formidable level. that said, i do think we exceed it in the first half of next year. >> did i hear you seau think we'll have a new record high on the s&p next year? >> i think so. the momentum...
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the large orders were not available immediately it sounds a little like the one nine hundred thirty s. when banks were counting the money more slowly during bank runs as employees tried to rush in the back and fill up their coffers with more cash is that any kind of apt metaphor for what's going on now with silver well it could be a perfect metaphor for the precious metals market think of it like a fractional reserve system nobody really knows in the zone allocated accounts and even some cases like in switzerland switzerland allocated accounts how much gold is really there and it's not encumbered by other people thinking they own the same gold just under the. a few years ago morgan stanley was fined millions of dollars for charging clients for silver they were storing for them but the silver wasn't there and they ended up having to pay huge fines and that could be going on which we know is going on all over the gold silver world are taking in all this money selling gold to the same people. but not actually purchasing the gold in or using all the funds as long as people leave gold and s
the large orders were not available immediately it sounds a little like the one nine hundred thirty s. when banks were counting the money more slowly during bank runs as employees tried to rush in the back and fill up their coffers with more cash is that any kind of apt metaphor for what's going on now with silver well it could be a perfect metaphor for the precious metals market think of it like a fractional reserve system nobody really knows in the zone allocated accounts and even some cases...
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Sep 11, 2012
09/12
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CNBC
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on the s&p. it looks right now to be overextended. this has been a big reason why the s&p 500 has outperformed the dow over the past 13 weeks. in terms of performance above the 200-day moving average, it is trading above the 200-day average as it has a few other times in the past where there were intermediate props. they're saying the outperformance points to potential breakdown, may have seen the top. i don't know what you think. it's kind of a monster run. >> i know they do have european exposure. obviously, the big benefits, suddenly they don't have -- what do you got? >> nothing, it's only 14.5% of $13.5 billion. >> good catch. let's get to bob pisani here on the floor with more of what is moving today. >> hello, want to bring you up to date with what's happening at knight capital. presenting at the financial services conference this morning. and one little piece of news he's brought in for us, it is ibm, they announced that this morning. they were hired and brought in as of august 27th. this
on the s&p. it looks right now to be overextended. this has been a big reason why the s&p 500 has outperformed the dow over the past 13 weeks. in terms of performance above the 200-day moving average, it is trading above the 200-day average as it has a few other times in the past where there were intermediate props. they're saying the outperformance points to potential breakdown, may have seen the top. i don't know what you think. it's kind of a monster run. >> i know they do have...
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central bank the s. and p. five hundred index will be more than fifty percent lower around the six hundred level if the bullish price action preceding fed announcement was excluded the study shows now if you look at this chart you'll see that the report shows that the market would has a tendency to rise in the twenty four hour period before the release of the fed statement on interest rates and the economy presumably on expectations that chairman ben bernanke and his predecessor alan greenspan would discuss or implement a stimulus money printing measure to lift asset prices but as i've explained the fed is essentially at the the head of the river of cash and up until recently that river of cash would irrigate the economy equally jobs would be irrigated wages would rise the manufacturing sector would there be a benefit to them they'd have rising wages you'd have real estate rising you'd have stocks rising but due to financial engineering and the adoption of derivatives and high frequency trading that irrigation
central bank the s. and p. five hundred index will be more than fifty percent lower around the six hundred level if the bullish price action preceding fed announcement was excluded the study shows now if you look at this chart you'll see that the report shows that the market would has a tendency to rise in the twenty four hour period before the release of the fed statement on interest rates and the economy presumably on expectations that chairman ben bernanke and his predecessor alan greenspan...
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Sep 27, 2012
09/12
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even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you could save hundreds. liberty mutual insurance -- responsibility. what's your policy? like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60
even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [...
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and there are not enough chairs when everybody goes to sit down but in the one nine hundred thirty s. during the depression there were bank failures is there any case where we see bullion banks fail i think when we get to the tipping point that's the kind of thing will happen people will be asking for their gold and silver they won't get it and that will lead to a failure of certain sorts at least a failure within a division of a company ok that's interesting and it's also a little different today where you have all these much bigger enterprises so it's a division of a big bank we're looking at not you know the bank in its entirety and there's of course the bailout guarantee you could argue for some looking more broadly at the big picture on that note it certainly isn't our grandmother or grandfather as metals market anymore with and derivatives markets a lot more people have been able to get in and this arguably has affected the price of precious metals what impact do you think e.t.s. are having and have had on the market has been tremendous for demand it's an easy way for people to
and there are not enough chairs when everybody goes to sit down but in the one nine hundred thirty s. during the depression there were bank failures is there any case where we see bullion banks fail i think when we get to the tipping point that's the kind of thing will happen people will be asking for their gold and silver they won't get it and that will lead to a failure of certain sorts at least a failure within a division of a company ok that's interesting and it's also a little different...
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s november two thousand and seven seven point five billion dollars vestment the arbitration claim sixty four billion dollars in damages so a.d.r.'s investment was supposed to convert to two hundred thirty five point six million shares which was about four point nine percent of citi group max robert rubin the master seven billion that he hoodwinked those poor people you know people talk about the pump and dump scam of facebook it was only one hundred four billion dollars of dr bergen wall street they stole fifty billion with goldman sachs of course remember goldman was involved in the pre i.p.o. scam where they sold stock to traders and investors completely outside of the s.c.c. law they broke the law they committed fraud ok we know that but here you have robert rubin the master of seven billion dollars in some shape and citigroup has banned this basically. for fraud for years now this is the one of the most highly trained stocks in the world it's a stock that goes into the algorithmic trading programs on a daily basis millions of shares trade every hour of citigroup stock and it's right
s november two thousand and seven seven point five billion dollars vestment the arbitration claim sixty four billion dollars in damages so a.d.r.'s investment was supposed to convert to two hundred thirty five point six million shares which was about four point nine percent of citi group max robert rubin the master seven billion that he hoodwinked those poor people you know people talk about the pump and dump scam of facebook it was only one hundred four billion dollars of dr bergen wall street...
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Sep 8, 2012
09/12
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to run down the high points of s energy plan, it starts out with in all of the above strategy. what does that mean? guest: we need to rely upon all sources of oil. -- of energy. we will continue to have oil, cola and natural gas. if you look at where the future is, it is about a cleaner, n.y., energy future. that is more jobs, more secure. let me give you one example. the president last month announced an historic new proposal built around the erpa that says we need to make cars go twice as far on a gallon of gas by 2025. it saves consumers money. it reduces our dependence on oil. it creates new energy jobs, supported by all the manufacturers and reduces our dependence on climate coalition --climate pollution. it is a win for the planet. mitt romney oppose that plan. that makes no sense. he is backwards. he is by and for big oil. we need to go forward. host: the president's plan also includes developing natural gas, better efficiency areas, it would open a new oil and gas exploration, there'd be clean energy research and development. when it comes to mr. romney's ideas, part of
to run down the high points of s energy plan, it starts out with in all of the above strategy. what does that mean? guest: we need to rely upon all sources of oil. -- of energy. we will continue to have oil, cola and natural gas. if you look at where the future is, it is about a cleaner, n.y., energy future. that is more jobs, more secure. let me give you one example. the president last month announced an historic new proposal built around the erpa that says we need to make cars go twice as far...
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Sep 19, 2012
09/12
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s&p futures are indicated higher as well. dow was the only index that ended higher and the nasdaq had back-to-back declines, the first time in nearly a month. transports did underperform the broader markets yesterday. that came after fedex. that warning that we heard about right here on the show. so it did spread to the other transports as well. why don't we take a lauren conrad at oil prices. we told you about some of that this morning. the tenure is yielding 1.793%. dollar has been the big story. euro was down for the second straight day against the dollar, its worst two-day losing streak in a month. this morning, the dollar is higher across the board. still, the euro is above 1.30. gold prices -- right now up by $4. 1,775, 30 cents an ounce. >> okay, now we'll go and get a global market report from kelly evans, standing by in london. you're not going to talk about belize. probably could. >> no. joe, the belize story is actually fascinating because it does show that investors really aren't getting any favorable terms out of
s&p futures are indicated higher as well. dow was the only index that ended higher and the nasdaq had back-to-back declines, the first time in nearly a month. transports did underperform the broader markets yesterday. that came after fedex. that warning that we heard about right here on the show. so it did spread to the other transports as well. why don't we take a lauren conrad at oil prices. we told you about some of that this morning. the tenure is yielding 1.793%. dollar has been the...
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s senior executive service i could run wall street with a senior executive service much better than it's being run now they're excellent. you know so it g.s. seven at the post. the office may not have the training and skills but the yes yes sure do so in essence yes you're you're moving into the s.c.s. government it's really a cost plus model that's used by the defense contractors and i think you know i'm sure lockheed martin is sitting around saying why do we need to pay you know goldman sachs this money we're on a cost plus contracts business model so i mean there's no reason not to move them that way now particularly when they have this market share so i just think the banks are in for a major cultural change ok so you know confirm major reorganization of that entire industry ok catherine austin fits right in time thanks so much for being on the cars report thanks max you have a great day all right super nice going to do for this edition of the kaiser report with me max kaiser and stacy herbert i guess catherine austin fitts if you are so many now please do so because a reported r t t
s senior executive service i could run wall street with a senior executive service much better than it's being run now they're excellent. you know so it g.s. seven at the post. the office may not have the training and skills but the yes yes sure do so in essence yes you're you're moving into the s.c.s. government it's really a cost plus model that's used by the defense contractors and i think you know i'm sure lockheed martin is sitting around saying why do we need to pay you know goldman sachs...
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Sep 20, 2012
09/12
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it was in the s-1. now you're telling the story in a different way. >> i think google's got their hands full with apple and facebook and amazon and microsoft. >> they've got pretty big hands. >> they do have big hands. we've been competing with google since our inception. they're actually good partners of ours as well. they've had their flight search and their hotel finder product out in the marketplace for two years now. it's an inferior product to ours. our users are very loyal. we'll keep an eye on them but we haven't seen any impact on our business. >> 10% of queries come through google or so? >> that's right. >> what number would you like that to be? zero? >> we're happy with as many as possible. one thing people do know, when people try kayak, become aware and try it, they come back. they're very loyal. >> the problem is google potentially has the pockets and know how to create the huge ubiquitous site that challenges everybody in the industry. it comes up every single time in conversation. you kn
it was in the s-1. now you're telling the story in a different way. >> i think google's got their hands full with apple and facebook and amazon and microsoft. >> they've got pretty big hands. >> they do have big hands. we've been competing with google since our inception. they're actually good partners of ours as well. they've had their flight search and their hotel finder product out in the marketplace for two years now. it's an inferior product to ours. our users are very...
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Sep 24, 2012
09/12
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s should be is to be the voice of the taxpayer, the institutional concept of pushing back when money is being pushed out with not enough strings attached. when there are potential vulnerabilities to fraud. frankly, if you have a career of goldman sachs you're not really going to be sensitive when you are pushing the money out. one of the things i saw all over again with this presumption of goodness, that these banks and executives would never, ever take advantage of the taxpayer by putting a prop in just over that of the public interest. and i think our voice was one of skepticism to help try to rein that back in. >> you prosecute somebody but the name of antonucci? who was seen what happened? >> you was essentially the ceo of a smallish bank in new york to try to get tarp money by cooking its books. committing a type of accounting for about essentially make not look like they had more bank capital, which is basically a cushion has against losses. it is what stands between a bank failing -- if it has a certain number of losses -- or being able to withstand the impact through their ow
s should be is to be the voice of the taxpayer, the institutional concept of pushing back when money is being pushed out with not enough strings attached. when there are potential vulnerabilities to fraud. frankly, if you have a career of goldman sachs you're not really going to be sensitive when you are pushing the money out. one of the things i saw all over again with this presumption of goodness, that these banks and executives would never, ever take advantage of the taxpayer by putting a...
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Sep 3, 2012
09/12
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KPIX
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the doctor who came up with that name is here to explain his wheat solution on s"cbs this morning." [ music playing ] by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. campbell's. ,,,,,,,,,, about three months ago i gave up eating wheat products. everything you have is pre packaged with wheat in it. i felt lethargic. since then, my allergies have left, my waist size down two inches for giving up wheat. >> the doctor who created bill o'reilly's new diet says skip the hamburger rolls and pasta salad at your labor day cookout. dr. william davis is a cardiologist and author of a book, lose the wheat, lose the weight and find your path back to health. doctor, good morning. >> good morning. >> happy labor day. >> why in your estimation is wheat so bad? >> it's not wheat. it's an 18-inch tall plant created by researchers in the eads 60s and 70s. it has many new features. such as there's a new protein in there. i'm not addressing people with gl
the doctor who came up with that name is here to explain his wheat solution on s"cbs this morning." [ music playing ] by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. campbell's. ,,,,,,,,,, about three months ago i gave up eating wheat products. everything you have is pre packaged with wheat in it. i felt lethargic. since then, my...